the looming crisis prompts us to act… and quickly


The Pension Monitoring Committee (CSR) urges the government to act quickly. 316722986/Richard Villalon - stock.adobe.com

DECRYPTION - The President of the Republic and the Prime Minister must decide this weekend on the way forward.

The opinions of experts follow one another and all confirm the government in reform the pension system. After the report of the Pensions Orientation Council (COR) published on September 15, which indicated a widening of the deficits in the next 25 years, it is the turn of the Pensions Monitoring Committee (CSR), a circle of experts dependent of Matignon, to urge the government to act. And quick. Delivered Thursday at the end of the afternoon to Elisabeth Borne, the opinion of the CSR does not go there by four paths.

Perhaps COR's track record shows a "excessive pessimism for 2027-2032“, he says, but”for the immediate future, the evolutions could be more degraded than in these projections". In short, in the short term, the situation could turn out to be even worse than expected. And for good reason: the COR based its calculations on the stability program sent by France to Brussels, which still expected fairly significant growth in 2023.

However, this hypothesis has already been revised downwards…

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